Resolv has strongly landed on Binance Alpha and Binance Contracts. Recently, the stablecoin sector has been buzzing, and amidst the stablecoin craze, $Resolv may carve out a different path.
The Resolv project is backed by well-known Web3 VCs like Coinbase, Delphi, and Gumi Cryptos, aiming to create a 100% over-collateralized ETH stablecoin, USR, anchored to the US dollar. It has raised tens of millions of dollars, making it a major VC project. There was previously a dedicated episode discussing VC tokens—"as long as it can rise, it's a good token" for the secondary market.
Currently, the price of Resolv is $0.25, with a circulating market value of less than $40 million, and FDV of $320 million. In comparison, ENA has a circulating market value of $2.2 billion, FDV of $5.4 billion. I personally believe there is a significant room for growth here.
The design of Resolv can be summarized as "three layers of assets + three mechanisms":
1. USR: Core stablecoin
Backed by over-collateralized ETH, anchored to the US dollar
Can be staked as stUSR to enjoy protocol revenue
Liquidity anchoring is supported by lower-tier assets
2. RLP: Risk-bearing LP
Provide ETH minting, earn perp funding fees + staking rewards
System losses are prioritized to be absorbed by RLP
3. Collateral Pool: Achieve Delta Neutral
ETH spot and perp contracts construct hedging
Combining on-chain and custodial assets, balancing transparency and security
In terms of revenue, daily distribution, USR users receive stable returns, RLP users earn risk premiums, and part of the protocol treasury is used for ecological development.
Compared to ENA in the same sector, $Resolv is a step further in being "on-chain native," reflected in the following three points:
1. More reliable sources of income
Mainly relying on the on-chain perp market and ETH staking, income is more stable and transparent.
2. Risk layering is clearer
Losses are borne by RLP, user principal is safe, anchored steadily, and risk isolation is clear.
3. The token mechanism is richer
USR (stablecoin), RLP (risk LP), RESOLV (governance) have distinct functions, and participation methods are more intuitive.
Resolv and Ethena started almost simultaneously, but development was slightly slower. It chose a more on-chain, structured, and censorship-resistant path, starting slowly with a high threshold, but showcasing a purer DeFi philosophy.
In the evolving landscape of income-generating stablecoin models, Resolv may not be the earliest project to break out, but it is more on-chain, purer, and more potential-filled, possibly bringing unexpected returns.
Official account @ResolvLabs
Official website: resolv.xyz
Also welcome to register using my Binance referral code link! Spot contracts all have the highest discount limits!
🔸 marketwebb.me/join?ref=XBXFH…
🔸Binance Exclusive Referral Code🌈 (XBXFHXC)
